Gov. J.B. Pritzker has brought some actions to guard the re payments, but more could be done to block payday lenders, customer installment loan providers, and loan companies from using CARES Act funds required by families.
Photo by Max Herman. a cash advance lender|loan that is payday} found at 2132 East 71st Street on Chicago’s Southern Side. Federal stimulus payments have begun to exhibit up in people’s bank records, many many in need of assistance of economic support into the nation’s growing crisis that is economic at risk of having it diverted to collectors. Consumer advocates are “concerned that tens and thousands of Illinoisans could have their stimulus checks consumed by non-essential loan repayments in place of critical requirements like shelter, meals, and medication,” said Brent Adams, senior vice president of policy and interaction at Woodstock Institute. Continue reading